Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, threatening to prolong the war’s energy shock.

 John Authers: What’s Going to Break in the Bondpocalypse? A negative surprise in upcoming US data might be the only thing to arrest bonds’ slide. 

(2) The UK government is privately lobbying the Trump administration for an exemption from any potential US diesel export ban.

(3) Andy Burnham will set out his pitch for honest political debate as the antidote to populism as he reveals his plans for taking on thorny issues, from Britain’s expensive social care system to its creaking water infrastructure. 

(4) Rising bond yields will curb economic expansion and limit the transfer of elevated energy costs to inflation, European Central Bank President Christine Lagarde said.

(5) The global AI industry needs to earn $6 trillion in annual revenue by 2031 to justify the capital being deployed to build data centers around the world, Bain & Co. said.

(6) Europe's gas storage sites are at their lowest ever level for this time of year due to the loss of Russian pipeline gas and fears about a tight LNG market.

Podcast Conversation: At an Angry Time, the Business of Rage Retreats Is Booming

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran&rsquo;s latest proposal to reopen the Strait of Hormuz, threatening to prolong the war&rsquo;s energy shock. <a href="https://www.bloomberg.com/opinion/newsletters/2026-09-29/what-s-going-to-break-in-the-bondpocalypse?srnd=phx-opinion">&nbsp;John Authers: What&rsquo;s Going to Break in the Bondpocalypse? A negative surprise in upcoming US data might be the only thing to arrest bonds&rsquo; slide.&nbsp;</a> (2) The UK government is privately lobbying the Trump administration for an exemption from any potential US diesel export ban. (3) Andy Burnham will set out his pitch for honest political debate as the antidote to populism as he reveals his plans for taking on thorny issues, from Britain&rsquo;s expensive social care system to its creaking water infrastructure. (4) Rising bond yields will curb economic expansion and limit the transfer of elevated energy costs to inflation, European Central Bank President Christine Lagarde said. (5) The global AI industry needs to earn $6 trillion in annual revenue by 2031 to justify the capital being deployed to build data centers around the world, Bain &amp; Co. said. (6) Europe's gas storage sites are at their lowest ever level for this time of year due to the loss of Russian pipeline gas and fears about a tight LNG market. Podcast Conversation: <a href="https://www.bloomberg.com/news/articles/2026-09-28/at-these-wellness-retreats-screaming-and-anger-are-therapeutic" data-destination="https://www.bloomberg.com/news/articles/2026-09-28/at-these-wellness-retreats-screaming-and-anger-are-therapeutic">At an Angry Time, the Business of Rage Retreats Is Booming</a>

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.

Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.

Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg’s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.

Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe is the essential way to start your morning informed and ahead.

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.
Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.
Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg&rsquo;s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.
Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe&nbsp;is the essential way to start your morning informed and ahead.

Bloomberg Daybreak: Europe Edition

'Bondpocalypse' Tests Growth, $6 Trillion AI Question, Europe Gas Storage Pain

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/27ae1073-7418-4c4a-ae22-b4d4005f2c62/transcript